How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask taxadvisor.uk Your Own Question
taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4996
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
54961312
Type Your Tax Question Here...
taxadvisor.uk is online now

My wife and I hold UK company shares in joint names (e.g. BP).

Customer Question

My wife and I hold UK company shares in joint names (e.g. BP). My wife is a higher rate (40%) tax payer and I pay basic rate tax. Can I declare all the shares held in joint names in my Tax Return or do I have to split them between my wife's tax return and my own?
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your question.As the shares are held in joint names, you are deemed to hold them in equal proportion and declare your share of the dividend in respective tax returns, I'm afraid.You cannot declare all the shares held in joint names under one tax return. I hope this is helpful and answers your question.